BMO No Annual Fee Cards: Welcome Bonuses, Rewards & Low Intro Interest Rates

BMO offers a suite of no annual fee credit cards featuring solid rewards and generous welcome bonuses to help Canadians save while maximizing their everyday purchases. With competitive introductory rates on balance transfers, these cards make an appealing option for budget-conscious users seeking value beyond basic credit access.

BMO’s no-fee lineup includes the eclipse rise Visa Card, CashBack Mastercard, and AIR MILES Mastercard. Each card targets a different rewards preference — from straight-up cash rewards to versatile points or AIR MILES, truly catering to a range of lifestyles.

All three cards offer a $0 annual fee, a standard 21.99% purchase rate, and enticing introductory offers. Whether you’re looking to pay down balances with a low start rate or simply want consistent rewards, there’s a BMO card that fits.

How to Apply

• Check your eligibility (Canadian residency and age requirements apply)
• Prepare personal and financial details including monthly income and employer info
• Complete a secure online application with BMO
• Submit your form and await their approval decision
• If approved, activate your card and register for online access

Key Advantages

These cards stand out thanks to their $0 annual fees and the multiple ways to earn rewards, whether that’s up to 5% cash back, 20,000 welcome points, or 1,200 AIR MILES. The 0.99% introductory rate on balance transfers helps you consolidate existing debt affordably.

Convenient online management, robust fraud protection features, and easy-to-understand rewards redemptions make BMO cards especially user-friendly.

Possible Limitations

There are important cons to weigh, such as the relatively high standard purchase interest rate at 21.99%, which can add up if you carry a balance month-to-month. The intro rate only lasts for 9 months and requires a 2% balance transfer fee.

For those seeking rich travel perks, these no-fee cards offer basic rewards, but not the extensive insurance or extras higher-fee cards bring.

Final Verdict

BMO’s no annual fee cards are a smart choice for Canadians prioritizing affordability and straightforward rewards. With several compelling offers to choose from, these cards suit most everyday spenders who want to save money. However, consider your personal finances to decide if the interest rates and features match your goals.